7, PENMAYNE PARC, LANNER, REDRUTH, TR16 5TN - £56,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

7 PENMAYNE PARC is a very small detached house of 64m², built sometime between 1976 and 1982. It was last sold for £56,000 in July 1997, which was around 31% below the average July 1997 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2016, where the current energy rating was G, and the potential energy rating was A.

7 PENMAYNE PARC Sold Prices

Land registry data shows two sales for 7 PENMAYNE PARC since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 7 PENMAYNE PARC sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
1997 31 JUL	£56,000	£80,895	31% below HPI
1996 9 FEB	£60,000	£70,332	15% below HPI

7 PENMAYNE PARC Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The two 7 PENMAYNE PARC sales from February 1996 and July 1997 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 1996 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 1997 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 7 PENMAYNE PARC?

7 PENMAYNE PARC is 64m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% of detached houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses by size in Lanner, and where 7 PENMAYNE PARC lies on this distribution: 12% of detached houses are smaller than 7 PENMAYNE PARC, and 85% of houses are larger. Note that EPC data is not available for all properties in Lanner.

7 PENMAYNE PARC: Plot and Title Map

7 PENMAYNE PARC sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 7 PENMAYNE PARC, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 7 PENMAYNE PARC). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 7 PENMAYNE PARC?

7 PENMAYNE PARC is located in LANNER, in the TR16 postcode district. The below map shows the position of No. 7 on PENMAYNE PARC.